Obligation Crédit Agricole SA 2.566% ( FR001400BWL8 ) en EUR

Crédit Agricole SA

100 % ⇌

France

FR001400BWL8 ( en EUR )

2.566% par an ( paiement annuel )

20/01/2029 - Obligation échue

Prospectus brochure de l'obligation Crédit Agricole FR001400BWL8 en EUR 2.566%, échue

100 000 EUR

500 000 000 EUR

Crédit Agricole est un groupe bancaire coopératif français, présent à l'international, structuré autour de caisses régionales et proposant une large gamme de services financiers.

Le Crédit Agricole a remboursé le 20 janvier 2029 une obligation (FR001400BWL8) de 500 000 000 EUR émise en France, au taux de 2,566%, avec un prix de marché final de 100%, une taille minimale d'achat de 100 000 EUR et une fréquence de paiement annuelle.

NOTICE TO THE NOTEHOLDERS OF
EUR 500,000,000 Senior Preferred Fixed Rate Notes due 20 January 2029
ISIN: FR001400BWL8
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Under the Issuer's Euro 85,000,000,000 Euro Medium Term Note Programme
This notice dated 28 July 2022 (the "Notice") should be read in conjunction with (i) the base
prospectus dated 8 April 2022 which has received approval no. 22-090 from the Autorité des
marchés financiers (the "AMF") on 8 April 2022, the first supplement to it dated 17 May 2022
which has received approval no. 22-158 from the AMF on 17 May 2022 and the second
supplement to it dated 27 June 2022 which has received approval no. 22-246 from the AMF on
27 June 2022 (together, the "Base Prospectus") and (ii) the Final Terms dated 18 July 2022 in
respect of the Notes, attached to this Notice (the "Final Terms").
Any information not updated or amended herein should be regarded as unchanged. Capitalised
terms used and not defined herein shal have the meanings given to them in the Base Prospectus
and/or the Final Terms.
Noteholders are informed that the Issuer has amended the Final Terms to correct a manifest
error in the Final Terms related to the Common Code of the Notes, as described below:
In Part B Other Information, paragraph 6 entitled "Operational Information", sub-
paragraph (ii) set out on page 9 of the Final Terms:
(ii) Common Code: 250543212
is amended to read as follows:
(ii) Common Code: 250549806
Copies of this Notice may be obtained, free of charge, on the fol owing website:
https://www.credit-agricole.com/en/finance/finance/debt-and-rating/wholesale-bonds-
issues/credit-agricole-s.a.-wholesale-bonds-issues
The Issuer accepts responsibility for the information contained in this Notice.
The Issuer
Crédit Agricole S.A.

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MiFID II product governance / Professional investors and ECPs only target market Solely for
the purposes of each manufacturer's product approval process, the target market assessment in respect
of the Notes, taking into account the five categories referred to in item 18 of the Guidelines published
by ESMA on 5 February 2018 has led to the conclusion that: (i) the target market for the Notes is
eligible counterparties and professional clients only, each as defined in Directive (EU) 2014/65 (as
amended, "MiFID II"); and (ii) all channels for distribution of the Notes to eligible counterparties
and professional clients are appropriate. Any person subsequently offering, selling or recommending
the Notes (a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target
market assessment in respect of the Notes (by either adopting or refining the manufacturers' target
market assessment) and determining appropriate distribution channels.
UK MiFIR product governance / Professional investors and ECPs only target market Solely
for the purposes of the manufacturer's product approval process, the target market assessment in
respect of the Notes, taking into account the five categories referred to in item 18 of the Guidelines
published by ESMA on 5 February 2018 (in accordance with the FCA's policy statement entitled
"Brexit our approach to EU non-legislative materials"), has led to the conclusion that: (i) the target
market for the Notes is only eligible counterparties, as defined in the FCA Handbook Conduct of
Business Sourcebook ("COBS"), and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("UK MiFIR"); and (ii) all channels for distribution of the Notes to eligible counterparties and
professional clients are appropriate. Any person subsequently offering, selling or recommending the
Notes (a "distributor") should take into consideration the manufacturer's target market assessment;
however, a distributor subject to the FCA Handbook Product Intervention and Product Governance
Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for undertaking its own
target market assessment in respect of the Notes (by either adopting or refining the manufacturer's
target market assessment) and determining appropriate distribution channels.

DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
Final Terms dated 18 July 2022
Crédit Agricole S.A.
Legal Entity Identifier (LEI) of the Issuer is 969500TJ5KRTCJQWXH05
Euro 85,000,000,000
Euro Medium Term Note Programme
Series No: 635
Tranche No: 1
Issue of EUR 500,000,000 Senior Preferred Fixed Rate Notes due 20 January 2029
(the "Notes")
Issued by: Crédit Agricole S.A. (the "Issuer")
Lead Manager and Sole Bookrunner
Crédit Agricole CIB
Senior Co-Lead Managers
Bayern LB
DZ BANK AG
Any person making or intending to make an offer of the Notes may only do so in circumstances
in which no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to
Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 23 of the
Prospectus Regulation, in each case, in relation to such offer.
Neither the Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer
of Notes in any other circumstances.
The Notes are not intended to be offered, sold or otherwise made available to, and should not
be offered, sold or otherwise made available to, any consumer (consument/consommateur)
within the meaning of the Belgian Code of Economic Law (Wetboek van economisch
recht/Code de droit économique), as amended, in Belgium.
The expression "Prospectus Regulation" means Regulation (EU) No 2017/1129, as amended.
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
PART A -- CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set
forth in "Terms and Conditions of the French Law Notes" in the base prospectus dated 8 April
2022 which has received approval no. 22-090 from the Autorité des marchés financiers
(the "AMF") on 8 April 2022, the first supplement to it dated 17 May 2022 which has received
approval no. 22-158 from the AMF on 17 May 2022 and the second supplement to it dated 27
June 2022 which has received approval no. 22-246 from the AMF on 27 June 2022, which
together constitute a base prospectus for the purposes of the Prospectus Regulation (the "Base
Prospectus"). This document constitutes the Final Terms of the Notes described herein for the
purposes of Article 8 of the Prospectus Regulation and must be read in conjunction with the
Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on
the basis of the combination of these Final Terms and the Base Prospectus. The Base
Prospectus is available for viewing on the website of the Issuer (https://www.credit-
agricole.com/finance/finance/dette/emissions-marche/credit-agricole-s.a.-emissions-marche),
on the website of the AMF (www.amf-france.org) and copies may be obtained from Crédit
Agricole S.A., 12, Place des États-Unis, 92127 Montrouge Cedex, France.
1.
Issuer:
Crédit Agricole S.A.
2.
(i)
Series Number:
635
(ii)
Tranche Number:
1
(iii)
Date on which the Notes
Not Applicable
become fungible:
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:
(i)
Series:
EUR 500,000,000
(ii)
Tranche:
EUR 500,000,000
5.
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination:
EUR 100,000
7.
(i)
Issue Date:
20 July 2022
(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
20 January 2029
9.
Interest Basis:
2.566 per cent. Fixed Rate
(further particulars specified in paragraph
15 below)
10.
Redemption Basis:
Subject to any purchase and cancellation or
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their nominal amount
11.
Change of Interest Basis:
Not Applicable
12.
Noteholder Put/Issuer Call:
Not Applicable
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
13.
Status:
Senior Preferred Notes
14.
Dates of the corporate
Resolution of the Board of Directors of the
authorisations for issuance of the
Issuer dated 9 February 2022 and the
Notes:
décision d'émission dated 18 July 2022
Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note:
Applicable
(i)
Rate of Interest:
2.566 per cent. per annum payable annually
in arrear on each Interest Payment Date
(ii)
Interest Payment Dates:
20 January in each year, from (and
including) 20 January 2023, up to (and
including) the Maturity Date
(iii)
Fixed Coupon Amount:
EUR 2,566 per Specified Denomination
payable on each Interest Payment Date,
except for the amount payable in respect of
the short first Interest Accrual Period
beginning on (and including) the Interest
Commencement Date and ending on (but
excluding) the Interest Payment Date
falling on 20 January 2023 which shall be
the Broken Amount
(iv)
Broken Amount:
EUR 1,293.55 per Specified
Denomination, payable on the Interest
Payment Date falling on 20 January 2023
(v)
Day Count Fraction:
Actual/Actual-ICMA, not adjusted
(vi)
Determination Dates:
20 January in each year
(vii)
Resettable Notes:
Not Applicable
16.
Floating Rate Note:
Not Applicable
17.
Zero Coupon Note:
Not Applicable
18.
CMS Linked Note:
Not Applicable
19.
Inflation Linked Notes:
Not Applicable
Provisions Relating to Redemption
20.
Redemption at the Option of the
Not Applicable
Issuer (Issuer Call):
21.
Clean-up Redemption Option:
Not Applicable
22.
Redemption at the Option of
Not Applicable
Noteholders (Noteholder Put):
23.
(i) MREL/TLAC Disqualification Not Applicable
Event Call Option:
(ii) Early Redemption Amount:
Final Redemption Amount
24.
Final Redemption Amount of each
Subject to any purchase and cancellation or
Note:
early redemption, the Notes will be
redeemed on the Maturity Date at 100.00
per cent. of their outstanding principal
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
amount
25.
Early Redemption Amount of each
EUR 100,000 per Note of EUR 100,000
Note:
Specified Denomination
26.
Make-Whole Redemption Amount:
Not Applicable
27.
Events of Default:
Not Applicable
General Provisions Applicable to the Notes
28.
(i)
Form of Notes (Bearer
Dematerialised Notes
Notes):
(ii)
Form of Dematerialised
Bearer dematerialised form (au porteur)
Notes:
(iii)
Registration Agent:
Not Applicable
(iv)
Calculation Agent(s) (if
Crédit Agricole Corporate and Investment
not the Fiscal Agent):
Bank
(v)
Temporary Global
Not Applicable
Certificate:
29.
Exclusion of the possibility to
Not Applicable
request identification of a
Noteholder as Provided by
Condition 1(a):
30.
Financial Center:
TARGET2
31.
Talons for future Coupons or
Not Applicable
Receipts to be attached to
Definitive Materialised Bearer
Notes (and dates on which such
Talons mature):
32.
Details relating to Instalment
Not Applicable
Notes:
33.
Applicable tax regime:
Condition 9(a) applies
34.
Representation of holders of French Contractual Masse shall apply
Law Notes Masse:
Primary Appointed Representative: as per
the Conditions F&S Financial Services,
13, rue Oudinot, 75007 Paris, France
Alternate Appointed Representative: as per
the Conditions Aether Financial Services,
36, rue de Monceau, 75008 Paris, France
The Primary Appointed Representative or,
as the case may be, the Alternate Appointed
Representative, will receive a remuneration
of EUR 300 per year (excluding taxes),
payable as per the Conditions.
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
Responsibility
I hereby accept responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer on 18 July 2022
Duly represented by: Laurent Côte
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
PART B OTHER INFORMATION
1. LISTING AND ADMISSION TO TRADING
(i) Listing:
Application has been made for the Notes to be
admitted to trading on Euronext Paris with effect from
20 July 2022
(ii) Estimate of total expenses related
EUR 6,200 (without tax)
to admission to trading:
2. RATINGS
The Notes to be issued have been rated:
Standard & Poor's: A+
Moody's: Aa3
Fitch: AA-
Standard & Poor's, Moody's and Fitch are established
in the European Union and are registered under
Regulation (EC) No 1060/2009 (the "CRA
Regulation"). As such, Standard & Poor's, Moody's
and Fitch are included in the list of credit rating
agencies published by the European Securities and
Market Authority on its website in accordance with
the
CRA
Regulation
(www.esma.europa.eu/supervision/credit-rating-
agencies/risk).
As defined by Standard & Poor's, an "A" rating means
that the Issuer's capacity to meet its financial
commitments on the obligation is strong but somewhat
susceptible to economic conditions and changes in
circumstances. The addition of a plus (+) sign shows
relative standing within that rating categories.
As defined by Moody's, obligations rated "Aa3" are
judged to have a high grade credit quality and are
subject to very low credit risk. The modifier 3
indicates a ranking in the lower end of that generic
rating category.
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
As defined by Fitch, an "AA" rating denotes
expectations of very low default risk. It indicates very
strong capacity for payment of financial
commitments. This capacity is not significantly
vulnerable to foreseeable events. The modifier (-) is
appended to denote relative status within this
category.
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for the fees payable to the Managers, so far as the Issuer is aware, no person involved in
the issue of the Notes has an interest material to the offer. The Managers and their affiliates
have engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the
ordinary course of business.
4. REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds will be used for the Issuer's general
funding requirements
(ii)
Estimated net proceeds:
EUR 499,675,000
5. YIELD
Indication of yield:
2.566 per cent. per annum
The yield in respect of this issue of Fixed Rate Notes
is calculated on the basis of the Issue Price using the
following formula:
P=
C (1-(1+r)-n) + A(1+r)-n
r
where:
P
is the Issue Price of the Notes;
C
is the Interest Amount;
A
is the outstanding principal amount of Notes
due on redemption;
n
is time to maturity in years; and
r
is the yield.
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DocuSign Envelope ID: CED2ADB6-4D41-49CF-8297-CD95077F64F7
As set out above, the yield is calculated at the Issue
Date on the basis of the Issue Price. It is not an
indication of future yield.
6. OPERATIONAL INFORMATION
(i)
ISIN:
FR001400BWL8
(ii)
Common Code:
250543212
(iii)
Any clearing system(s) other
Euroclear France
than Euroclear Bank SA/NV and
Clearstream Banking Société
Anonyme and the relevant
identification number(s):
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of Paying
CACEIS Corporate Trust
Agent(s) (including any
14, rue Rouget de Lisle
additional Paying Agent(s)):
92682 Issy-Les-Moulineaux Cedex 9
France
7. DISTRIBUTION
1. Method of distribution:
Syndicated
2. If syndicated,
(i)
Names of Managers
Lead Manager and Sole Bookrunner
(specifying Lead Manager):
Crédit Agricole Corporate and Investment Bank
Senior Co-Lead Managers
Bayerische Landesbank
DZ BANK AG Deutsche Zentral-
Genossenschaftsbank, Frankfurt am Main
(ii)
Date of Subscription
18 July 2022
Agreement (if any):
(iii)
Stabilisation Manager(s) (if
Crédit Agricole Corporate and Investment Bank
any):
3. If non-syndicated, name of Dealer:
Not Applicable
4. Intermediary(ies) in secondary
Not Applicable
trading
5. U.S. Selling Restrictions
Reg. S Compliance Category 2; TEFRA Not
Applicable
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